Bitcoin Forum

The massive dump happened when Elon Musk tweeted about Tesla not accepting Bitcoin as a payment method, whereas a lot of people also lost investment especially beginners who recently put money hoping for a huge pump. After that, a massive fud has happened simultaneously like all of it was all planned and most of us are really f*cked up, -50% loss in the portfolio.

List of fuds that makes the crypto market crash:
-Elon Musk tweeted about Tesla not accepting Bitcoin as a payment method
-Bitcoin price falls after China calls for crackdown on bitcoin mining and trading behavior

Elon, in my opinion, is truly manipulating the market by issuing a statement on his Twitter account that is very influential to the majority of people in the crypto scene without DYOR even his people that are engineers can't assess the reality of bitcoin mining! He stated that BTC isn't good for the environment and having a huge power consumption but many of the experts have already debunked his statement.

I've read also a topic here that also debunks the claim about power consumption. ---> Debunking the "Bitcoin is an environmental disaster" argument (https://bitcointalk.org/index.php?topic=5325350.0).
and here's another one. https://coinshares.com/assets/resources/Research/bitcoin-mining-network-june-2019-fidelity-foreword.pdf

Then what happened, whales buying into the dip, and so on...

https://twitter.com/elonmusk/status/1396914548167233537

Elon Musk tweeted this as if he truly cares, despite the fact that he is the one who started the fud and made early decisions before putting it into action.
I think Elon is manipulating the market, taking advantage of all those who are following in his footsteps, and it makes me fearful that the sole purpose of crypto being decentralized may be lost soon if the manipulation continues. What do you think?

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Edited. The sole purpose of this is to raise awareness of Elon Musk's actions among new traders, so I completely agree with the majority of the responses on my thread.

People don't care anymore about Elon's tweet. He came to be a person who hasn't respect by people. And now, whatever he said just ignored it.

Maybe tomorrow he will come to bring his new coin as McAfee did, that is a fact to be true if he still on that tweet.

I agree, it seems that bitcoin investors have enough of Elon's tweet and trying his best to put bitcoin in bad light. In any case though, he might be manipulating the price, for all we know, he or his company as buying bitcoin at his current dip and filling their bags with cheap bitcoin.

And it seems that he is doing this as a business person,  and he might pitch his renewable solar panel at some point to this so called environment friendly argument of his.

Here are a few questions I would like to ask you OP  ;)

1. Bitcoin has been here for almost 12 years old, Elon mask has had an idea of payment systems and the internet from the 1990's. Where has he been for the 12 years since the inception of Bitcoin?

2. Where was he during the crypto bear market in 2018?

3. Why does he care about Bitcoin's dynamics right all off a sudden when Bitcoin went past $20K?

I will tell you why. He's in the game to manipulate and make profits. Let nobody be fooled that Elon cares about bitcoin. He doesn't. He and all those rich assholes only care about getting richer.

It is not about Elon Musk, it is about his community fans. Elon Musk has recently taken an interest in Bitcoin and its technology due to its spike in price and its adoption recommendations. Surely, he used to see it more utopian and now he sees it more realistic. In any case, he may have been too quick to open the doors to Teslas' purchases with Bitcoin.  I think he should has studied it better.  However he has always been transparent and has tweeted his thoughts at all times.  I don't think it was manipulation.  I think this is more about people, who always speculate and speculation leads to these pumps and dumps...

This fud gets success because people believe in the big usecase of Bitcoin on Tesla. Honestly, how many people will actually use Bitcoin to buy Tesla electric cars. People exaggerated the Tesla adoption and now they got side effects from it.

China can get benefit from both Bitcoin mining and crypto tradings. Hey, if you are Chinese government, will do you self-destroy your chances to get more money for your nation?

Restrictions on scams are good and should be done as seriously as possible. No nation will open their laws for scam attempts. Do you think that is what China will more seriously control, ban, and crack down?

This is a new tweet and it's a positive one. looks like this man is playing around with the investors and too bad, most of them are completely newbie who relies only on upon if their group told them to do so. They need to know that in order to be successful in the crypto industry, one should avoid the comments of those manipulators. because they've been using those innocent newbie investors for their personal gain and now this tweet by that guy will once again make some noise in the crypto market.

i agree with you mate.. Never trust that man again because he always had a tragic flaws that can realy bring the crypto market to downfall.. See what happened after the manipulation? Now he's trying to do something good with bitcoin.. Lol never again guys leason learn and this time we need to be smart and ignore him instead to have peaceful life..

I think that besides playing with the investors, Elon also wants the green energy to be integrated to every aspect of bitcoin because they might be getting something out of it. I don't really care if it is for personal gain as long as the market is going strong.

don't think anyone really believes in Elon Musk anymore, Elon Musk is really manipulating the market, he wants to drop the beginner mentality in bitcoin, he tweets negative things, so bitcoin goes down, and scares the beginner, scares someone else that's where he took a big advantage by collecting lots of coins ...

Surely some still believe in him. With what he accomplished, he's still credible. What I don't like, however, is how a single man can influence the market. For sure he knows how his tweets greatly impact the crypto community and the market overall but he's turning a blind eye on that. In his recent tweets, he stated that Tesla suspended vehicle purchases through bitcoin, which clearly has a negative impact on the market. Tweets about bitcoin and doge instantly pump/dump depending on how his tweet goes. Every tweet the man makes instantly becomes a coin.

Then again, this isn't his fault, the community overall still holds how the market would go.

I think Elon Musk, not fully in favor of bitcoin, he is more towards Dogecoin, When he received payment with bitcoin, arrived to dismiss it on the grounds of wasteful electrical energy. The question is why did Elon Musk just tell you about this? Why not from the beginning? I don't think Elon Musk is one, there are still some people behind him that we don't know at the moment.

Elon is included, the one behind all of this.

Others certainly exist, but Elon's 'Manipulation' system is money vs. money more clearly Bitcoin vs. Bitcoin generates Bitcoin and money, anyone can do that "manipulate" on the condition of having a lot of money.

What Elon did has both negative and positive effects, some of which can get rich quick and some of the losses, but it has all happened, indeed regret always comes late, for that there is always a written warning in every market:

If you remember this article, of course you won't be bothered by everything that happens to crypto today and in the future.

Is Elon Musk manipulating the market, the answer is definitely yes ,, Elon Musk uses his wealth, to smooth out his cunning tricks, the goal is just a sensation so that everyone knows better, and he also wants to increase his coffers of wealth ,, the billionaire game is something that normal, I see, he has everything, so it's easy for them to play where he wants ..

The blame with regards to the price manipulation within the market must not entirely be blamed into Elon Musk alone because admit it or not, his influence make a huge impact into the minds of his supporters and followers making the market move in which such actions involves many people and not just him alone. The manipulation of the market is brought by the involvement of many. His big contribution with this is his tweets which turns to be luring or manipulating people's minds and those have comes into real actions. But since his recent tweets, many people have already made up their mind to turn down listening to him anymore which is lessening the supporters he have on his side.

If you look at the events that recently happened I think so. because indirectly with a tweet he tries to manipulate and dominate the market.
For people who have been in the crypto world for a long time maybe some will not be interested but the followers of Elon and Fomo are so many that with him starting his twitt the market will change. not only that with his tweets against BTC also indirectly more or less this is very detrimental to me.
I don't know other people think the same or not but for me this is included in market manipulation

After Elon Musk's silly and manipulative statements about the non-environmental friendliness of bitcoin, I decided that listening to such people is just a waste of time, and even more so it is not worth following their advice. I find it funny when I hear this because most of the things around us are much dirtier than Bitcoin. Even the classic banking system is much dirtier - let's shut it down and leave only cryptocurrency. The world will become cleaner and better the very next day!

I believe that he is manipulating some crypto but not the whole market because he only focus on Dogecoin and BTC at the moment who knows if he would try to manipulate other crypto as well.
I believe that he is posting those tweets because he knew that his words could mean a lot for the investors so he is using it as a power to manipulate the crypto.

This couldn't be more further from the truth.
He has lost all credibility on twitter by acting the way he has with so many followers. And from almost all the crypto community after saying one thing and acting upon another.
To me everybody see him as a pure FUDster so anything he tweets about his point of view on things can not be taken seriously.
Remind you of someone who was banned from their platform late last year for it's abuse and using it to influence all his followers with his political power? :-\

I think the first time Elon tweeted about doge a lot of people believed and made massive purchases of doge coins. Likewise, when he tweeted about bitcoin that could be used to buy Tesla, then many bought bitcoin. but when he gave a negative tweet about bitcoin that is not environmentally friendly, the price of bitcoin fell which was followed by a decline in other coins. but now people began to not believe what he tweeted, which seemed to play the price of bitcoin and other coins. I hope the price of bitcoin and alt coins can return to their fair prices and focus on developing future projects.

He have to be careful about his tweets. I hope he don't make cryptocurrency community don't like him anymore. In my point of view, he and his company must keep have good image because not all people like electric car. Many people only care about their convenient, pride, price, capacity and etc. They don't think too much about environment.

Why does he have to be careful though? He doesn't live to impress everyone and everyone should live like that too. Also, the community is a bandwagon when it comes to people that influences the market, pretty sure that they will be going to ease up on him when he becomes the reason for the next big pump of the market.

He started manipulating

He has lost his tweeting influencing power in these past days because investors have now recognised that he was messing up the market for his personal profits.So in order to keep up his image in the market he is just trying to portray that he is in favour of crypto market to gain support from the market once again but nothing major impact will be done.This tweets have reversely affected his wealth and Tesla share prices to downfall.

Ethereum founder Vitalik also state that Elon Musk is presence is not gonna last forever in the market and same is happening bit early as doge is not pumping with his latest tweets also and he might be working on some pos solutions for its development to make it coin of earth but nothing is going to work and his manipulation game is coming to a drastic end.

What's missing is a motive. If Elon Musk's goal was to crash bitcoin. Why crash btc when tesla is holding more than $1.5 billion btc. Bitcoin's price decline hurt Elon Musk and tesla as much as it hurt everyone affected.

Influencing markets and the value of assets like bitcoin requires billions of dollars in active trading liquidity. This is something that Elon Musk lacks with the vast majority of his net worth tied up in tesla stock. If someone wanted to pinpoint the identity of person behind market trades. They would look at the trading demographic with the largest amount of money and liquidity.

Many are pointing the finger at Elon Musk and blaming him for crypto's latest decline. It would seem there are a few things missing before Elon Musk could be pronounced guilty.

I do not think that he did that to sabotage Bitcoin (BTC) .... I think he wanted to pump Shiba and Dodge, so he just tweeted that to get people to shift their investments from BTC to Shiba and Dodge (Where he is personally invested)

Remember one thing, you have not lost money on Bitcoin or any other Crypto currency.. UNTIL you sold it. So he might have thought that, after he pumped Shiba and Doge.. that he will pump BTC again and then profit from that again.

He also did not think that his tweet would cause a ripple affect that would trigger a selloff that amount to a 40% drop in the BTC price. (Not entirely his fault, because we know a bunch of Chinese whales dumped BTC to burn another whale and to push him out of the market)  ::)

Someone with experience in trading might expect a shift from btc to shiba and doge to devalue tesla's $1.5 billion btc holdings.

Elon Musk gave dogecoin a shoutout on SNL on may 8th. The value of dogecoin fell afterward. I think his shoutout was intended to elevate dogecoin's value but appeared to have the opposite effect.

And so Elon Musk's reputation as a great market mastermind and manipulator may be somewhat exaggerated.

If people are searching for a grand puppeteer pulling the strings behind all these occurrences they may have to look elsewhere.

The crypto world is inseparable from whales, where big news triggers simultaneous movements. just like Ellon, he is a businessman, and of course what he does in the end is looking for a profit. with a large amount of entry into bitcoin, and finally he got out he had made a tremendous profit, and he then changed strategies by pumping altcoins

Some are believe and some are not. But i think it can be considered to be manipulate market. But this is just personal opinion, because it already happened, almost every tweet of Elon Musk really affect on some people and cause them to be panic either of buy or panic sell. But i think it is just temporary.

I am not even entirely sure if he actually ends up buying or selling at that level, sure he tweets and sure he had that 1.5 billion dollars purchased from tesla as well but I am not sure if he did anything more than that.

Yes, he probably got a bit of dogecoin but it wasn't even 1% of what the public did neither, for every 100 dollars spent on dogecoin in the past 6 months, that would end up being that Elon just likes to talk about it and not actually put his money where his mouth is. He is not going to manipulate the market the way he does because of his kindness of the heart neither, sure he is not going to make a profit from this as that much but he is not doing it for fun neither, he is getting attention and love from people when it increases and that is what he is after surely.

Even if Elon is manipulating the market, there's no one who can stop him and the other whales to do so because bitcoin is a decentralized platform, this is per se, a lawless land and anything can go. Of course it is temporary, that's why a lot of the veteran hodlers are advising newbies to hodl their bitcoin.

I'm a "yes" too.
He doesn't say it directly but you could feel it with every move he makes.
Dogecoin, for example, he can buy bulks of it and try to control its market and no one will care except for those who did the same just like him.
With Bitcoin, he can't do it. I think we all know the reason why. (we still have our strong hodlers)  :-*
He bought it at an expensive price which means he will just get a small amount that won't have any power to move the market.

I'm sure there will be a next target. Ready your popcorns.

There's no doubt about it for me it is clear that he is manipulating the market ever since he got into it,
People just doesn't want to acknowledge it and see's him as a great hero who makes crypto fly,
But you should know that he is doing it to gain profit not to help the market grow you could see how he use his power and gain from it.

Obviously he tweets more about DOGE and BTC but its hard to say that he is manipulating it since its just a tweet and people have a choice to follow it or not. For me, Elon is just taking advantage his popularity for his own benefit, he is playing in the market and some whales are riding with him that’s why the price of those two are very volatile right now.

I think that's the reason so many people hate Elon Musk,
he really does everything for his own benefit and I am not surprised by that because he is one of the big guys,
We'll see what Elon Musk will do in the future

The truth is that most people in the crypto community no longer like him, with the exception of those who genuinely love doge and want to see it grow. IMO, he doesn't have a good image right now unless he devises a strategy that will undoubtedly cause the BTC to rise to levels where everyone benefits, such as an anti-whale method. The whales who are just swimming around with Elon's shilling and will appear out of nowhere to dump now always reap the most benefits.

The issue here is that there are far too many newcomers to trading who believe him because they believe Elon is the way to get rich. To avoid this, we should make them aware of what is happening and what will happen in the future if they want crypto to remain crypto in the coming years.

You really need to wait for the future when he obviously showing what kind of person he is now?

do you really wanted more manipulation and clowning he will bring in this market?

Please show some respect to yourself and this market also.

don't ask for consent because you are thinking what is really happening.

He needs to be careful with his Tweets because there is actually a law that counters the market manipulations.
The moment he makes it very obvious, that would become a ground for a lawsuit.
The crypto community doesn't totally follow him, It was the people on Twitter and other social media platforms that has been following him since the Doge hype. Now Shiba.
The crypto community knew what he was trying to do with the market when he started tweeting about Cryptocurrency, and so majority of the people in this community despise him for messing around the crypto space.

I sense that people started to know him: too many got burned thanks to him P&D signals and he's losing influence as a crypto guy. Couldn't have gone better in that sense! Bitcoin need no gurus or frontmen.
You can be Elon Musk, Bill Gates, Warren Buffett yet honey badger doesn't care!

That's interesting to see people don't care about Elon Mask and his tweets, anymore. He did write a tweet about dogecoin a few days ago and nothing happened, the price didn't rise or fall at all. He was definitely try to manipulate the price and get advantage from it. That's who some people get rich and other lose their money. However, all these manipulation can effect the market only in short term and they effect the long term holders at all.

Know that if we continue to follow in the footsteps he might be trapped, especially a bitcoin holder and doge, he already knows what the plan is behind his profits, of course those who feel they will lose when there is market manipulation, but it's true that it is only temporary and if people are strong in this he will come out of his trap.
I have no interest at all after destroying the market sometimes now even though I have observed that it remains unstable in bitcoin later which can affect all of it so I will go and never see Elon Musk's tweet.
But still, the market will be influenced by him.

Doesn't matter anymore if he is manipulating the market or not but in any way possible, let us all just disregard what he is doing and stop talking about it. His scheme is very obvious, he is just trying to break the balance of the market for his own sake. His tweets should not mean anything for us anymore neither his opinions when it comes to crypto. Bitcoin will soon recover from what he has done so let us just quit bothering about the things he is saying. Let us focus on our investment and keep on analyzing what is the next best thing to do considering the market's current condition.

Elon spouts off on all types of things on twitter, there's really no evidence he's trying to manipulate the market. It's more likely he just craves constant attention and constantly opining on crypto is the easiest way to stay in the limelight and command the constant attention that he seeks.  Many of the "experts" have not debunked his power consumption claims, just bitcoin maximalists who pump bitcoin no matter what.  Independently minded folks generally agree that Bitcoin's power demands are woefully inefficient on a per transaction basis.

I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.

The market will still be controlled by the likes of Elon musk, if those who invest in crypto-currency do it because of the super glued attraction to the like of Elon musk's tweets.
Elon musk might be calling some boss level shots, but I don't think he is doing it for fun, or to express to crypto-currency atmosphere the power of his tweets, I think he aims at capitalizing on this power, don't know but maybe he would want to have his crypto-coin, billionaires are observablely obsessed types, and I think crypto-currency May just be like wall Street, once they start coming over in.

right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry

Did Musk contribute to the fall of the price? Of course he did. However, China's decision wasn't a smaller factor, not to mention that correction always arrives after the bull market. Moreover, Musk was also the one who contributed to the growth of the price before, when Tesla announced accepting BTC and when they invested $1.5 billion in Bitcoin. So it's not like he only brought devastation. Moreover, nothing he does causes permanent damage to the market. Bitcoin will recover eventually like it always does.

Thank goodness the people are back to themselves.
I thought the virus spread by Elon will take longer but the vaccine seems to be enough to administer them.  ;D

We've seen this already, right? Some crazy known dude tried to manipulate the market too by posting in a social media application that he will eat his own **** if it won't happen. Until now his *** is still there or maybe he just can't reach it.
We should avoid this kind of scene and better support those who are really making a change for everyone and not just for themselves.

In my personal view he really does everything for the sake of making a profit,
and I guess that's why so many people hate Elon Musk,
related to that I agree the market will definitely recover but I don't know when for sure so it's better to stay calm

I'm a capitalist, I love people who do things for a profit, including Elon Musk.  So I can personally advocate for this not to be the case.  The reason I hate Elon is he's a narcissist, troll, and petty public figure who started spreading Covid denialism when he was unhappy about not being able to make his cars without Covid protections for workers.  He's unhinged, as evidenced by his picking a fight with a British journalist and calling him a pedo on Twitter, which has led to a lawsuit that I hope gets him hit with a mutli-million dollar judgement for slander.

But as far as him making profits in the companies he runs, I'm all for it.

The more of you there will be, the lesser manipulation power he will have. There are tons of people who traded because he tweets and now they are feeling betrayed, he said good things about doge all the time and he said tesla bought bitcoin and accepts bitcoin so the price of bitcoin went up thanks to him, all the people that got in because of him also made a profit if they sold so those ones could like him.

However there are tons of people who lost tons of money because he started to talk shit about crypto and said bad things about bitcoin, surely this whole fall is not because of him but the start of him was all because of him and that is why people may end up not caring about him at all and not support him. All of these are the reasons he may lose power of manipulation, he will probably not have anything remotely close to what he used to have in power.

People believe so much on Elon musk. People does not research for their own what is going on or what's are coming up to?Thought that Elon musk tweeted so that It's going to be the time market will be  down Now for crypto currency.Big people make big Plan what's with upto  him already he knows better.But He will be come with new breakthrough in my opinion he will launch new Token and making new idea to come throughout the crypto currency.Everyone should have to research themself not anyone tweet and making quick judge or decision this is kind of a foolish attitude I think.

Good you mentioned that because that's always something to keep in mind. This short term manipulation will not have any effects if we take into consideration the big picture we all foresee happening in the long run.
In a way it wasn't even bad to have this slowdown because there were people starting to investing in crazy horseshit and believing they could become rich with that.
Keep accumulating bitcoin and don't worry  ;)

I guess we need to add "some" at the start of the first sentence! Some people don't care anymore! But I guess there are at least a few million people who care and follow everything he says and does!

I think that he is manipulating the market, and with his bankroll, he can do that! But as Blue said, he became a person who can't be trusted! Today he will say one thing, tomorrow he will do something completely different!

Ever since he hyped dogecoin, he is already manipulating the market and make people invest on it and make its price higher.

Many other big companies or personalities are also contributing to the market fluctuations and it is really sad for us.

What can we do about that? We are just a small investor who are just going with the flow.

He is, spreading fud when the market is above $55K and then change his opinion and start shilling for bitcoin when the price is below $35K if that's not manipulation then I wonder.
But, the source of his strength to manipulate the market is simply coming from the hype generated by his tweet because he has massive follower that always follow him.
Since people sees that he doesn't bring any good to the followers then he more likely can't manipulate the market further, and bitcoin maybe will become more resilient from
such manipulation. Though we can't deny that his company tesla own $1,5B and that could more or less affect the market as well because many people also follow
tesla move on whether buying or dumping bitcoin, it could trigger domino effects.

Dump will really going to happen due to the high price of crypto being too much, its just that the FUD became more fast as well spread into many because of his influence and everytime he do some posts. It's not really all about him but let's be honest that he gave really an impact in the market. We will see if he post some positive post again if there are still many who will follow him for some hype.

It's true that everything started with Dogecoin, how Elon Musk made Dogecoin go up so high that even Dogecoin made it into the top 10 cryptos.
After that Elon Musk tried to influence his followers to invest in Bitcoin, even Elon Musk showed Tesla investing in Bitcoin. With all these things,
finally Elon Musk was able to influence many people to invest in Dogecoin and Bitcoin. What was surprising that after the news of Tesla taking profit,
then not long after that Elon Musk started spreading FUD,  finally creating a crypto market dump. It is very annoying that this is what Elon Musk did,
he really looks like he only cares about himself, by making many people suffer losses with all the manipulations he did. Now, what we need to do is
ignore whatever Elon Musk says, so that we are not influenced the manipulation by Elon Musk.

As we know Elon musk is one of the top tier millionaires at the same time having a lot of supports so as we except there are a lot of people thinking that one word or post of Elon can make a change to their lives and one of these kind of manipulation happens recently on the coin meme which is the dogecoin there are a lot of people stuck their investment because of having a mistake trusting him. This is the reason why it's better to become an independent person and stop follow others' paths or predictions instead create your own so we do not keep blaming other people.

It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news!

That isn't true.  Maybe hardcore bitcoiners have lost some respect for him, but he's been elevated to almost god-like status by a lot of people, especially those of the younger generation--and that isn't to say the younger generation is a bunch of suckers; Elon Musk has done some excellent things and IMO is indeed worthy of respect.

Of those two possible reasons for bitcoin's crash, I think the first one is the most likely because of the influence of Elon Musk I mentioned above.  The China crackdown probably wouldn't affect bitcoin's price all that much, because similar announcements have been made in the past and worse things have happened in the crypto world, and bitcoin has survived and thrived in the face of all of it.  Plus, doge went crazy right after Musk touted it, so that should be some supporting evidence for my claim as well.

Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter.

I don't know if it's true or not, but with Ellon's statement in his tweet, it can influence market behavior. to statements that go back and forth to confuse crypto traders, but for those who know about it, with a significant movement of course it can be used by day traders to make as much profit as possible, unfortunately not many traders like that

From the very first day Elon musk started tweeting about bitcoin I believed that was a really bad move because I believe bitcoin have been available for year's now and I believe he knows about bitcoin, or have been hearing about bitcoin why didn't he develop interest since then why now, I believe he is just trying to manipulate the market and I believe more billions will soon enter cryptocurrency which with time bitcoin will be controlled by billionaires. The only thing that can stop this manipulation currently is that people should stop listening to him which is what people have started doing already.

Even before his entry into the cryptomarket there were market crashes and recovery. Now his tweets have been setting value to cryptomarket. Doesn't this looks like he's manipulating the market. People are dump to fall for it, but it is also true he has the ability to manipulate as the volume he holds is big. Maybe within months he'll start his own Bitcoin. By the time people will fall for it, just because it is created by the richest person.

As what might speculations, even for beginners, might show, Elon really manifests the mediocre quality of being a really big whale in the market, especially at cryptocurrencies. He found the opportunity at that particular spot in the economy and is drilling it to be a hole and eventually, he might crash it with his and his investors' benefits flowering at the same time, while the growth and trend of the average market will be suppressed at its unfavorable and falling maxima.

If they are right in the arguments, although Elon Musk is not an expert in crypto or BTC, he has the money to make the market move, he is also an influencer and this helps him move masses, now if at this time he reaches make a tweet where I do more FUD to Bitcoin I do not think that BTC drops that much, because simply in the crypto world it has lost credibility.

When he FUDed Bitcoin, he not only caused the market to crash, but also his favorite currency, Doge, also suffered a terrible crash, and it is very difficult for it to rise in price, however the bulls are making a great effort to maintain the price at an acceptable level.

Elon is a smart guy so he makes use of his wealth to start manipulating the market. Whatever tweets he made have directly affected the value of the market even the current dip of bitcoin at the moment. But aside from him, there are other big whales too in the crypto market that have also affected the current condition and when they move, they move secretly. So not only Elon but the rest of them have contributed the market to be bearish.

Elon Musk is no longer of great importance in crypto the moment he tweeted about Tesla not accepting bitcoin. Bitcoin price suddenly fall and made all its investors and holders suffer from a huge  decline.

Now, if Elon starts to make another tweet, i don't think his followers will still agree with him. They are now starting to feel hatred for Elon  and sooner, his tweets will no longer affect the market. Elon is smart, but he only uses it for his own advantage.

Of course yes! Even from the very start, he is manipulating the market just imagine that he is the very reason why the doge and XRP pump up and it is just because of the tweets that he is making. Another scenario is when Tesla starts to accept bitcoin as a payment method for buying their products, it is quite interesting and unknown right? in which we don't know what is the real motive of this guy and now look at what he is doing, he is actually manipulating the market by just tweeting something he wants to happen and we clearly see that Elon is an indicator.

I feel like people are taking his words like its the absolute truth, litertly people started buying DOGE just because he spoke about in a sarcastic scripted  TV show, i don't wanna get into this conspiracy theory thing, but it is really od that he actully made an investment in bitcoin and than pulled out because of the mining causing enviormnetal problems, whihc targets china who is considered to have most of the mining power and soon after the news of china taking some hards mesures on bitcoin mining he comes up and tweets about it again.

This is how elites do really make out their move but nothing to worry about since crypto community is already done with Elon and those words that do come out into his mouth is nothing relevant anymore as if people here wont really be believing on what he would say up. On that recent tweet about breaking up with BTC then it isnt actually the main reason on why bitcoin price did dip but lots had been thinking that its one of the reason on why it did so.
This market is highly reactive to fundamentals or news and we should think and treat it as a normal thing but basing on your own personal decisions
then you should be careful into those informations you do seek on specially with news and events.

For those who are long enough in crypto, they will know if there are loopholes on what Elon is saying. Actually some of his tweets were giving the notion that he has inadequate knowledge towards crypto. Maybe, people are interested on his tweets because it creates movement in the market just like what happened to doge. And so they want to jump on board for the mere reason that they want to get profits. However, some will get rekt because of this ignorance when it comes to crypto market.

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

I think he knows that and that's why he always do some sort of promotion for some crypto for better or for worse so in a way, he pretty much manipulates the market where he wants it to be.

He seemed to be able to do everything and one of them manipulated the market,
with that a lot of people hate Elon Musk,
I don't know what the real goal is but seeing this it seems like he's doing everything to make a profit for himself

I think Elon Musk was and is trying to manipulate the market. Too bad, people have learned his evil tactics already. This guy has been respected by many people because of his invention and products offered such as Tesla. His reputation is looked upon that is why every moment he tweets something about bitcoin, the market goes haywire.

At first, I really thought he's just voicing out his opinion or whatsoever. But later on, I realized he is trying to sway the market onto his favor which he did so well numerous times already. Newbies tend to follow his tweets like it was some sort of magical book that will instantly make them profit. Unfortunately, most of the times it's the other way around.

Nowadays, people entering crypto are being careless amd gullible. They keep trusting anything they heard and read without verifying it first. They also keep on forgetting about the reminder studying first before risking, hence, most of the time they are found at the losing end. We should not rely on gossip and mere speculation so that we won't be left behind. Learn to read the chart's trend and do technical analysis. Do not put all you hopes in just a random tweet.

I don't think, I'm sure bro  ;D he's shorting all the time, by that's not smart.

Downgrading Bitcoin for environmental issues was a bad decision by him. Bitcoin will recover but everyone is now aware of his non - environmental friendly businesses.

He has a large fanbase on twitter whom most of them are not interested in doing research other than what he tweets, it is becoming a pain in the ass whenever he tweets. People would correlate it with the market whenever he makes a random tweet and it suddenly has a negative or positive effect on the entire CRYPTO markets. I do think he is doing this to his favour. Beside, his environmental protection campaign doesn't even stand firm any longer. He has made enough money already from fudding on BTC.

Everything about this guy isn't credible anymore. I used to be so amazed by him and his achievements back then but as I get to know more about him, turns out that most of the things he boasts about aren't even his to begin with. And just to make things worse, he started talking about dogecoin. And at that point, I totally lost interest in everything about him. Shilling a useless memecoin all of a sudden when there are dozens of amazing coins out there that have great concepts and potential to grow and help solve problems both in this industry and on the real world, just made me understand even further that this guy is really not worthy of my admiration. And I hope a lot realizes this soon and stop taking his words seriously.

Not only Elon but also many other people are manipulating the cryptocurrency market, Recently the cryptocurrency market has been constantly being hit by FUDs from China, do you think the Chinese government is also manipulating the market this?

This dude is a very different person than any other person I have seen. Dude only cares about attention personally, business wise he cares about profit only that is true but personally he cares about attention, that is why he is doing stuff like electric cars and spaceships whatever as a business as well, sure it is mainly profit but spacex basically took out government loans after government loans and sure they paid it back and so forth but nobody else would get THAT much money, and they are given contracts constantly as well.

Long story short this dude wanted to be talked and that is what he did, now he is talked all day every day, without missing an hour. That is why he will keep doing this, he will keep talking about crypto like there is no tomorrow because he knows he will get attention.

- The respect and admiration for Elon Musk in this moment probably belongs only to a few fans and unaware of crypto, to members of the crypto community, they have despised this name. Maybe, on the personal level of a large business owner, his desire to become richer is not something we can complain about but he is throwing away morality and indirectly attack others, quite a few people have probably recognized the real face and no longer let Elon Musk continue to manipulate, the prophecy has been invalidated

I'm not surprised by Elonmusk's statement, from the start I predicted that because Elon was the one who pumped up prices, he also certainly has the power to lower prices.  so here we can conclude that don't believe at Whale, he is big and able to devour what is around him, masters the currents of water and is hard to beat.

he smart but also greed, he finally get what he want i guess , now even max keiser put "f*ck elong" on his twitter , but wait, before it, michael saylor have some discussion with elon , what the point of that discussion ? also after that, he just going with max on miami event lately , or did we miss something ? did they have some plan , also lately el salvador put bitcoin as a national currency , what game are these big guys playing ?

Obviously ha can play with us and he snatched money from us by his reputation but now people don't think about his tweets or post. We hopefully thinks crypto market will be backed again its position so let's we see what happened in near next.

I don't think he even cares about profit so much. He cares about his companies, Tesla and SpaceX.  Besides those, his main motivation is doing things for public attention, that's basically 100% of the motivation behind his Twitter posts.  I sometimes wonder if he only cares about Tesla and SpaceX because they have the potential to drastically reshape society, which would bring him even more attention.  Maybe attention is the only thing he cares about at all and his companies are just a way to achieve that end.

His presence is now unnoticed by the crypto community, this is what happens when you talk too much, you become invaluable and value less.
I am having this believe that Elon musk tweet has to do more than what we were thinking otherwise I don't think a sane man would want to do something stupid that will bring down his investments. I know he's a billionaire but the ones I know still want to get richer.
He's just somebody that is related to McAfee in altitude  ;D

No doubt with the recent happening we can conclude Elon Musk manipulates the market with his tweets and he is the one who started the FUD which now led to the low prices we are seeing now, and this is really bad for crypto entirely for a man to manipulate market prices with his tweet. But it's obvious this will no longer continue because slowly he is loosing his tweet power in the term that most of his loyal followers are already thinking otherwise, with the FUD he caused most people hates him for this and will not longer take his tweets serious.

Elon’s presence is definitely NOT unnoticed by the crypto community. Here we all are still talking about the guy, he’s still very relevant to the conversation, just like he wants.

McAfee is a straight greedy dude and he’s committed fraud to further his own fortunes. As much as I don’t like Elon, there’s definitely no comparison. McAfee has committed rape and murder and what, Elon tweets too much?

Between McAfee and Ellon I think they have the same goal, which is to seek personal gain, and I think it's actually damaging the crypto market, now I think what he said doesn't have much effect on the crypto market, because many people already understand his nature. but at least they got the money like their original goal

I don't really know whether we can call it a manipulation of the market.
Elon just expresses his thought on twitter. He doesn't call for action, he just say that perhaps some price is too high. That is not the problem of Elon Musk, the problem is that everyone trusts him. That is the most surprising thing. Like when he wrote, "I think that Tesla is overrated" and everybody started to sell Tesla stocks. Was it manipulation? If you and me said this, nobody would pay any attention. He didn't disclose any insider information neither. He just expressed himself.
More than that, I also remembered the moment when he claimed that he was going to buy bitcoins (or had already bought). Was it manipulation? of course, not.
Actually, the same thing with Warren Buffet. He publishes the list of the stocks that he invests in and many investors follow his deals. This can also be called a merket manipulation?
So, my idea is that the reputation of Elon Musk is so high, that so many people believe him and follow his ideas. That is why, whatever he posts in his twitter, it will be treated like a thing to do.

the saddest part of it all is that there are scammers who are trying to take advantage of the fact that elon musk is involved in the crypto world, i just saw this site:

https://tesla.com-giveaway.me/dogecoin/giveaway/ ( scam site, created by shit scammers )

the sad thing is that there on facebook where i saw this site, people are still excited that elos musk is in the crypto world, for most people it is doing well for this market. they don't understand how dangerous it is for someone to have so much influence

There's nothing wrong with what he did because he is protecting his interests which is natural for every person raised in a materialistic world. Of course there's a likely chance that he is aware of his actions, remember that celebrity and famous personality tweets are regulated by their own social media managers so there's probably some filter, control and agreement that the tweet won't hurt their image, their company or their interests.

Yes! You are saying right. ELON MUSK is manipulating the market. Its single tweet, impacts on the price of a coin. for example doge coin.
And its new coin is Shib which is already listed on Binance exchange.
But it is not a good thing in this market.

  Maybe Ellon musk manipulate in the market but we do not know what kind cryptocurrency so we can not define but in my observation maybe he just manipulate cause he mentioned and also talked about or regards in cryptocurrency ,maybe the bitcoins or the Dogecoin that he manipulate in the market.

Many people like you will bubble up for it, always do your own research before judging the matter. There is a lot of crap in this market, but the case of doge coin is an exception, but be honest with yourself whether it is worth it or not.

I totally Agree with you dear, Elon Is Not doing Good For Crypto Space, Due to Elon Manipulation Btc Dump Hard, He Recebtly Take Interested In bitcoin and start Posting On Twitter About Bitcoin, But I think Now Its Seeing that Elon Hype is going From Market and it will great for crypto market , i will advice not to trust this man again

His manipulation is very obvious using his influence and position to move market to his favour. Thank God he's not the richest man in the world cause he would have tumble the crypto market, using it as a means of enriching his pocket. The aim of a business man is to make more without being interested whether his decision might affects the general market. Elon is an interesting joker who is ready to do more of his manipulation.

I doubt he is doing it anymore. I understand that he did and I agreed that he did, that is what he was happy about as well, not the fact that doge went up and he made money, I am not even sure if he had any doge aside from some joking amount (for him of course, 100k is nothing to him so it could be huge for us too?) I just think that he liked the idea that he could tweet a coins name and then the coin would come up and people would make money and show him huge amounts of love.

That is just not something people could leave aside, if people send you loving tweet replies in thousands every time you tweet something about doge, you would support doge as well, it is just impossible to reject love from the public it is very difficult. This is why he manipulated the market, but after a while he stopped, no idea if it is something about SEC or anything like that but he is  no longer doing it anymore.

For sure Elon Musk was manipulating the market right from the time he became part of it. But that’s an old story and no one talks about Elon Musk these days, because most no longer cares about what he has to say or not. A lot of people has now realized the mind of person he is and what he has been doing, so they are entertaining every thing he has to say.

If it was before they would have been trending him everywhere for every single tweet he makes. These days I hardly see someone about it. We are all hoping that market starts getting better and more stable so that none of these people can do nothing to mislead the people easily and manipulate the market.

It's a classic scam attempt and I'm sure many people will get caught up in this scam if the marketing is good, This also reminds me of Blockchain, EtherDealta scam where scammers phished those sites and advertised them through Google Ads and funny they those Ads were approved  ;D


People are always excited to make money and this excitement peaks whenever there's Hype, Look at the example of XRP.
People still believe to their death that XRP will reach a trillion-dollar market cap and will beat all others cryptos.
Let people get scammed they'll learn from it and will spread awareness to others, I think people getting scammed is a good thing, for example 1 person gets scammed he can spread that awareness to 10 different people.

lol here's a meme video in XRP, have fun - https://www.youtube.com/watch?v=Ck98XGXzkrY

yeah, i think he know how to usehis fame to gain people attention, but after a lot of "talking" people nowdays realize that he just one of a lot investor  and it dosnt affect to much , poor elon

If he is the only one, nothing will be changed for cryptocurrency. I am afraid that many well-known and influential people will do the same, because some people know that the news is based on their posts, but if this is the case, will there be a few? Other influential people are controlling the market at the same time. One person cannot control it, but what if it is a group of people?

It is true. whatever he writes on social media will be in the spotlight of many people. I still wonder why there are still many people who are hypnotized by his words, even though he does it just for profit. I feel grateful he's not as rich as Jeff Bezos or Bill Gates

I'm pretty sure he is manipulating the market. All his tweets have affected the market. Is he trying to prove his cleverness? It may be more for profit. I don't quite understand what his motives are for him. Every step of his is calculated and is his conspiracy. Now I don’t believe his tweets anymore. >:(

Maybe Elon Musk wants to control the market (maybe the rich want to control the market), because of his attitude towards Bitcoin, no one believes in Musk anymore. He still has some fans who believe in him. Will also pay attention. There will also be some discussions and enthusiasm in some media because of his posts. But everyone will not invest blindly, because everyone already knows what type of person Musk is.

The fault lies with cryptocurrency users. What was the need to hype the comments by Elon Musk so much? I understand that Elon is the second richest person in the world and his entry in to the cryptocurrency sector was supposed to be mutually beneficial. But see what he did in the end. Once he came to know that it is not possible to manipulate Bitcoin, he tried to destroy it. Bitcoin was cruising towards the $100,000 level when he made his tweets regarding energy usage of Bitcoin and the dip started from that moment. It is a big lesson for all of us. We should not trust any of these billionaires.

You clearly say he manipulates the market but you don't understand what is His motive? sounds contradiction mate because manipulating is a clear reason for his motives here.

and also Elon is here to make tons of money for his Mars project , and he cares nothing for you, for me and for everyone.

Agreed. After his company tesla sold over 272M$ worth of BTC in the first quarter, he tweeted about how BTC is bad for the world. He spread FUD and trying to manipulate price to go as low as what price he bought the 1.5B worth of BTC. And probably now he bought at the bottom and trying to have a profit for the 2nd half of the year.

if that is a group of influencial people well the market is in great danger but i dont think there are lots of them because if we can see the attention of the news is only foccused in elon and not by other influencial people .
 elon maybe alone but this guy has funds and has lots of followers and this are enough to cause a good swing in the market if it worked according to what is planned .

I also keep asking myself what made him have to make a tweet that attracts market interest...

the funniest thing for me was when Elon said Bitcoin is so bad for the environment. I think if he thinks like that why is he investing in Bitcoin. he is really trying to manipulate the market.

I don't think the Chinese market is manipulating the market, but I think they are doing it wrong probably to teach investors lesson not invest on it again after first attempt.
Have you notice that the cracks down on mining farm always happens during bullrun that always lead to loss on many traders and institutional investors. Its purposely done to hurt every holder of bitcoin.

The abuse of its influencer power is completely unforgivable. He is innocently trying to monetize the emotions of the crypto community with just twitter. Trying to praise, then avoid and praise Bitcoin again, of course, is an experiment of market manipulation by Elon.
He had a Tesla, but his greedy nature wanted so much more by invading the Bitcoin world to work on him. He's perfect for being hated by everyone.

Elon Musk is no longer trying to manipulate the market, but is really already manipulating the market through his tweets  ;) I think that no one will deny that it was Musk's answers and statements that made a decisive role in the movement of the exchange price of dogecoins. After frolicking in the altcoin market, Musk then turned his gaze to the much larger bitcoin market, with a much larger capitalization. The most interesting thing is that I am not at all sure that the ultimate goal at the previous stage was for Ilon to monetize emotions or work out the principles of working with the crypto audience. So far, there seems to be no special consistency in sight, but it may well appear if Musk launches his own cryptocurrency.

There was the time when people used to believe on elon musk but after some bad tweets about bitcoin of elon musk people starts hating him. Because his tweets were the reason for massive dump on bitcoin and as well as some Altcoin like dogecoin which is pushed by elon musk right now most of the people don't care of elon musk tweets.

I also don't care what Elon Musk says, I think he just talks a lot and by taking the wrong data, I'm sure the more he talks bad about crypto then this becomes a free crypto campaign so it will continue to skyrocket.